The Latest research study released by Absolute Markets Insights Value-Based Reimbursement Software Market with 100+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know how of the current market development, landscape, technologies, drivers, opportunities, market viewpoint and status. Understanding the segments helps in identifying the importance of different factors that aid the market growth.In terms of revenue, value-based reimbursement software market was valued at US$ 1,516.79 Mn in 2022 and is anticipated to reach US$ 2,973.66 Mn by 2030 growing at a CAGR of 20.22% over the forecast period (2022 2030). Some of the Major Companies covered in this Research are: 3M, Aver Inc., Change Healthcare, Cognizant, Darena Solutions LLC. (My MIPS Score), Edifecs, ForeSee Medical Inc., HealthEdge Software, Inc., LexisNexis Risk Solutions Group, naviHealth, Inc., NEXTSTEP SOLUTIONS, INC., nThrive, Inc., Quadax, Inc., RevenueXL Inc., Signify Health, VIGILANCE HEALTH, INC., Lyfegen HealthTech AG., Other Market Participants.
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Value-Based Reimbursement Software Market
- On Premise
By Organization Size
- Small and Medium Enterprises
- Large Enterprises
- Healthcare Payers
- Healthcare Providers
- Government Agencies
By Model Type
- Shared Savings
- Shared Risk
- Bundled Payment/Episode of Care
- Accountable Care Organizations (ACOs)
- North America
- Rest of North America
- The UK
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- Asia Pacific
- New Zealand
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of Middle East Africa
- Latin America
- Rest of Latin America
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Government officials and healthcare organizations are always looking for ways to streamline healthcare and cut costs. The medical industrys revenue and payment systems are moving toward value-based reimbursement, which is an alternative payment model that reflects the increasingly patient-focused, value-based delivery of care within health care systems. Value-Based Care (VBC) is a healthcare reimbursement model that is based on quality of care rather than quantity. It relies on accountability among providers and the occurrence of positive outcomes in patients, unlike the Fee-for-Service (FFS) model being based on the quantity of care a provider gives (i.e. the number of tests run and services provided).
Value-based reimbursements solutions help reduce payer health care costs by optimizing the payer-provider relationship and payment structures. Such value-based reimbursement solutions can exist as software, service, or a hybrid of both. It allows health care software vendors to equip health care organizations with analytics and expertise necessary to modify existing reimbursement models. By installing such software strategies, hospitals and health care practices can accurately compensate the services rendered to a patient, thus increasing the demand of value-based reimbursement software market.
To qualify for inclusion in the value-based reimbursement category, a software product must be able to identify high value care payment method bundles and insurance providers, as well as analyze patient and population data. The software should be able to identify the impact of value-based reimbursement models, and lastly, offer flexible or customizable contract templates. For instance, McKESSONs comprehensive value-based care solution includes services, expertise and technology that integrate seamlessly into specialty practices workflow. They help practice succeed in value-based care programs, including Merit-Based Incentive Payment System (MIPS), and Oncology Care Model (OCM).
Health technology company Change Healthcare had recently documented in a survey the shift towards value-based care. In the survey it found more than 80% of payers are considering or have already implemented one of the models of VBC. Furthermore, the next stage towards adoption of VBC, is likely to be focused on its optimization. This means that health organizations will have to address challenges such as how to effectively evaluate their value-based healthcare implementations and how to ensure theyre measuring performance metrics that are truly indicative of care quality. These factors are creating huge opportunities for the growth of value-based reimbursement software market.
Value-Based Reimbursement Software Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
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